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Australians are spending less to consume more nicotine as illegal tobacco trade explodes

Australian Bureau of Statistics estimates nicotine consumption rose 40%, with illicit sources accounting for 80% of all tobaccoFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralians are consuming more nicotine than they were eight years ago but are spending less, new data from the Australian Bureau of Statistics shows, as 80% of the cigarettes smoked by the nation last year were cheaper illegal products. The analysis...

The Guardian World 7d ago

Here's the inflation breakdown for May 2026 — in one chart

Consumer prices in May rose at their fastest pace in more than three years as the Iran war continued to put upward pressure on gasoline and other energy-related costs. The consumer price index, a key inflation gauge, increased to 4.2% last month relative to a year earlier — the highest annual inflation rate since April 2023 and an increase from 3.8% in April, the U.S. Bureau of Labor Statistics said Wednesday. "Inflation is painfully high," said Mark Zandi, chief economist at Moody's.

CNBC 5h ago

Trump’s pick to lead statistics agency disputes president’s faked data claims

Brett Matsumoto tells US lawmakers that Bureau of Labor Statistics’ reports are driven by science rather than politics

Financial Times 2h ago

China's May factory activity flat as weak demand slows growth

China's May factory activity flat as weak demand slows growth BEIJING: China's factory activity was flat in May after two months of expansion, official data showed Sunday (May 31), as weaker demand and rising energy costs due to the Middle East war weighed on growth. The manufacturing purchasing manager's index - a key measure of industrial activity - was 50.0 in May, according to the National Bureau of Statistics (NBS). The 50.0 mark separates expansion from contraction.

Channel News Asia 10d ago

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

Australia's economy expanded less than expected in the first quarter, as subdued household spending, a pullback in government consumption and severe weather disruptions to mining and exports weighed on growth. The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth, data from the Australian Bureau of Statistics showed Wednesday. On a quarter-on-quarter basis, Australia's GDP grew 0.3% compared with...

CNBC 7d ago

China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses

China's wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs from the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates. The producer price index jumped 3.9% from a year ago, the highest since July 2022, topping economists' forecast of 3.8%, and outpacing 2.8% in April, according to data released by the National Bureau of Statistics on Wednesday. Wholesale prices returned to growth...

CNBC 18h ago

Australia's economic slowdown is just beginning, the experts warn

Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...

ABC Australia 7d ago

Thursday Night Mowing League wants 40 million Americans to stop wasting weekends on their lawns

As we prepare our drinks, our piles of meat and our brains to enjoy the first weekend in June, I'm reminded of why we put in the work on Thursdays. I'm reminded of that feeling on Fridays when the workweek ends and there's this weight that is lifted off our shoulders. According to a 2024 U.S. Bureau of Labor Statistics report, "more people engaged in housework on weekend days than on weekdays, on average -- 41%, compared with 36%.

Fox News 4d ago

The top 10 highest-paying jobs for teens in the U.S.—No. 1 isn't retail or food service

Having a part-time job is a rite of passage for many American teenagers, especially in the summer months. A May 5 report from Resume Genius, an online career platform and resume builder, identified the highest-paying jobs for teenagers, based on data from the U.S. Bureau of Labor Statistics. The top job on the list is car technician and mechanic, with a median hourly wage of almost $24.

CNBC 8d ago

Traders on Kalshi indicate that May's jobs report will top Wall Street expectations

Traders on Kalshi expect that job creation in May will see a slowdown but still surpass Dow Jones consensus. Dow Jones estimates that May's nonfarm payrolls report — due Friday from the Bureau of Labor Statistics — will show a gain of 90,000 jobs. The consensus reflects an anticipated decline from April's recorded 115,000 nonfarm payrolls and March's 185,000, the highest this year has seen so far.

CNBC 9d ago